Resort Walensee has to be brought back to life



Resort Walensee was built and opened in 2008 by foreign investors for approximately CHF 80 million. Resort Walensee in Unterterzen has written a glorious history in its tenth anniversary. The low point was the landfill of the balance sheet by Walensee Resort AG (WRAG) in the autumn of 2017.

Earlier, the Bergbahnen Flumserberg AG (BBF) had taken over the business locally and tried to solve the quarrels between the various players in the resort – but without success. As a result, the hotel and catering companies were closed for about 18 months. The more than 130 apartments are privately owned (apartments).

Light at the end of the tunnel

These & # 39; unsustainable states & # 39; for many local residents will soon be over, such as the & # 39; Sarganserländer & # 39; reports. As the chairman of the board of the Prodkammbahnen Flumserberg AG and the BBF, Guido Mätzler, said on Saturday at the Prodkammbahnen General Assembly at Prodalp, the BBF has reached agreement with the bank Linth for the future rescue company for all properties of the bankrupt company (WRAG ), For the creation of the rescue company – this should take place in September – there would be binding commitments from the main investors. These are all Swiss.

Is it true of Canton St.Gallen bankruptcy manager with the purchase of WRAG properties by the rescue company to the BBF in terms of resort Walensee a second time in a leading position.

As Mätzler confirmed to the "Sarganserländer", the BBF has agreed to take part in the Auffanggesellschaft with at least 20 percent of the share capital. In addition, the mountain railways will provide "their active assistance in the management of the rescue company". In concrete terms, this means that the mountain railways will once again take over the operational management of the resort.

Focus entirely on hotel and gastro-service

Crucial difference with the first attempt in the years 2016 and 2017: with the bankruptcy of WRAG, the contracts between her and the condominium owners were also invalid. These arranged, among other things, the centralized rental of the apartments and were therefore the reason for the bickering.

Or in other words: the mountain railways or the Auffanggesellschaft can now be used almost completely without further obligations for the operation of the hotel, the catering and the other infrastructure (six apartments, spa, etc.). It is conceivable that the rescue company will again actively participate in the rental of private apartments, but this is no longer a must.

Three phases defined

According to the BBF executives, the operation in the resort must be upgraded in three phases. Already in the coming winter season the hotel will again be run as Bed & Breakfest with its 100 beds. In the spring of 2019 the gastronomy will be opened, with a view to the winter season 2019/20, the full effect would prevail.

For Bergbahnen Flumserberg AG, an open resort Walensee is strategically important right next to Lufag for various reasons. So hotel beds on Flumserberg are rare and the resort guests generally bring a frequency increase.


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Resort Walensee has to be brought back to life



Resort Walensee was built and opened in 2008 by foreign investors for approximately CHF 80 million. Resort Walensee in Unterterzen has written a glorious history in its tenth anniversary. The low point was the landfill of the balance sheet by Walensee Resort AG (WRAG) in the autumn of 2017.

Earlier, the Bergbahnen Flumserberg AG (BBF) had taken over the business locally and tried to solve the quarrels between the various players in the resort – but without success. As a result, the hotel and catering companies were closed for about 18 months. The more than 130 apartments are privately owned (apartments).

Light at the end of the tunnel

These & # 39; unsustainable states & # 39; for many local residents will soon be over, such as the & # 39; Sarganserländer & # 39; reports. As the chairman of the board of the Prodkammbahnen Flumserberg AG and the BBF, Guido Mätzler, said on Saturday at the Prodkammbahnen General Assembly at Prodalp, the BBF has reached agreement with the bank Linth for the future rescue company for all properties of the bankrupt company (WRAG ), For the creation of the rescue company – this should take place in September – there would be binding commitments from the main investors. These are all Swiss.

Is it true of Canton St.Gallen bankruptcy manager with the purchase of WRAG properties by the rescue company to the BBF in terms of resort Walensee a second time in a leading position.

As Mätzler confirmed to the "Sarganserländer", the BBF has agreed to take part in the Auffanggesellschaft with at least 20 percent of the share capital. In addition, the mountain railways will provide "their active assistance in the management of the rescue company". In concrete terms, this means that the mountain railways will once again take over the operational management of the resort.

Focus entirely on hotel and gastro-service

Crucial difference with the first attempt in the years 2016 and 2017: with the bankruptcy of WRAG, the contracts between her and the condominium owners were also invalid. These arranged, among other things, the centralized rental of the apartments and were therefore the reason for the bickering.

Or in other words: the mountain railways or the Auffanggesellschaft can now be used almost completely without further obligations for the operation of the hotel, the catering and the other infrastructure (six apartments, spa, etc.). It is conceivable that the rescue company will again actively participate in the rental of private apartments, but this is no longer a must.

Three phases defined

According to the BBF executives, the operation in the resort must be upgraded in three phases. Already in the coming winter season the hotel will again be run as Bed & Breakfest with its 100 beds. In the spring of 2019 the gastronomy will be opened, with a view to the winter season 2019/20, the full effect would prevail.

For Bergbahnen Flumserberg AG, an open resort Walensee is strategically important right next to Lufag for various reasons. So hotel beds on Flumserberg are rare and the resort guests generally bring a frequency increase.


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